Quote:
Originally Posted by csbvan
They'll probably argue that they are intruding into the QE view cone, but as per the higher building policy, that should be permitted as this is a key 'gateway' site. Even though it is not designated under that policy.
This is a good rationale because do you know who else is using it? The City of Vancouver's own real estate department for their main and terminal rental tower proposal.
On another note, this is a 2 booklet, several hundred page rezoning application. Maybe the largest I've ever seen. Tough to argue that this is not an extremely serious proposal. I don't know what their expectation is for breaking ground, but they absolutely want to get that rezoning and DP locked down.
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I'm not sure about that. They want to get the rezoning locked down. The DP is when the exoskeleton and the fancier, more expensive details all slowly disappear. With a rezoning secured, it doesn't matter who the Council are, the volume and massing, and the required CAC (equivalent) have been approved. The design details come later (even if the fancy booklets make all sorts of promises).
Unless they have a deep-pocketed partner, they're going to need to borrow north of $1bn, (it's over 175,000 sq m of construction), and to do that they have to have sold a significant proportion of nearly 1,300 condos. It's hard to see that being a viable proposition in the forseeable future.
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